StockWatch
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Civil Construction
Auditor11 Aug 2026, 11:20 pm

Sadbhav Infrastructure auditor resigns; appoints new directors

AI Summary

Sadbhav Infrastructure Project Ltd announced the resignation of its statutory auditor, M/s. SGDG & Associates LLP, effective August 12, 2026. The company also approved standalone and consolidated Unaudited Financial Results for the quarter ended June 30, 2026, along with a Limited Review Report with a modified opinion. The Board appointed Mr. Jaldeep Prakash Patel and Mr. Ankit Kishorbhai Shah as Additional Directors (Non-Executive Independent) effective August 11, 2026, subject to shareholder approval. Additionally, approvals were granted for the sale, disposal, and lease of assets, including pledge of shares, by material subsidiaries Sadbhav Hybrid Annuity Projects Limited, Maharashtra Border Check Post Limited, Sadbhav Nainital Highway Limited, Sadbhav Rudrapur Highway Limited, and Sadbhav Vidarbha Highway Limited. The 20th Annual General Meeting is scheduled for September 30, 2026.

Key Highlights

  • Statutory auditor M/s. SGDG & Associates LLP resigns effective August 12, 2026.
  • New directors appointed; financial results for Q1 FY27 approved.
  • Approvals for asset transactions and share pledges in subsidiaries granted.
  • 20th AGM scheduled for September 30, 2026.